Weekly Airline News Roundup – Happy Days Are Here Again!

Happy days are here again… or so it seems. This week in the airline industry brought second quarter earnings announcements, most of which were good news. There was also a good deal of growth in the way of orders for new aircraft (thanks to this week’s Farnborough Airshow, the biennial plane-buying extravaganza) and airlines entering into new markets.

US Airways earnings climbed, while United beat expectations. American posted a narrower loss than expected and Continental beat Wall Street estimates. And Delta saw profits, but a fall in its stock price.

American orders 35 more 737 planes, Virgin America plans to add 40 A320s (plus new service to Orlando). LAN is adding 50 new A320s to its fleet and Azul, meanwhile, plans to not only add more E-Jets, but also an entire new fleet type: ATR Turboprops! And Emirates announced that they are ordering 30 new 777′s from Boeing.

Despite all of the recent thumbs-up in the industry this week, a report shows that the work force has actually shrunk, with airlines hoarding their cash rather than beefing up their payroll. Speaking of cash, airlines are going to have to spent a bit of it to comply with new cargo inspection rules, but this is one expenditure worth making.

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